Greenlight, Holualoa Secure $28.8 Million Refinance for Cabana Bridges Apartments in Tucson

TUCSON, AZ (April 3, 2026) — BWE announced that it arranged $28.8 million in refinancing for Cabana Bridges, a 288-unit multifamily community at 1102 E. 36th Street in Tucson, on behalf of Greenlight Communities and Holualoa Companies.

The financing was placed through Freddie Mac as a seven-year loan structured to match the ownership group’s business objectives, including a flexible prepayment option and a favorable interest rate. Matt Terpstra and Charlie Williams of BWE’s Phoenix office originated the loan.

Located at 1102 E. 36th Street just east of Interstate 10 and less than five miles from Downtown Tucson, Cabana Bridges is a recently completed multifamily community built in 2023. The property reflects continued investor and lender interest in well-located workforce and attainable housing communities in Tucson, particularly newer projects positioned near major transportation corridors and employment centers.

Cabana Bridges features a mix of studio, one-bedroom, and two-bedroom apartment homes designed to appeal to a broad range of renters. The gated community features an amenity package centered on practical lifestyle offerings, including outdoor courtyards with citrus trees, barbecue and seating areas, a two-story clubhouse with a coworking lounge and coffee bar, covered parking, a 24/7 fitness center, and a resort-style swimming pool with lounge seating.

The refinance underscores the ability of newly built, stabilized multifamily assets in Tucson to attract agency capital, even in a more selective lending environment. For owners, such execution can provide long-term debt stability while preserving flexibility for future portfolio decisions. For the broader market, it also signals continued confidence in Tucson’s apartment fundamentals, especially for newer communities offering modern amenities at price points that appeal to residents seeking convenience, connectivity, and value.

Greenlight Communities has been active in the attainable housing segment across Arizona, while Holualoa Companies is a long-established real estate investment and development firm with a broad footprint. Their refinance of Cabana Bridges adds to a growing body of evidence that Tucson remains firmly on the radar of both multifamily developers and capital providers seeking strong Sun Belt secondary-market opportunities.

Holualoa Companies is a real estate investment firm focused on the successful development, acquisition, repositioning, and disposition of real estate assets. Holualoa actively seeks opportunities to improve neighborhoods, create jobs, and enhance communities. The company is a driving force behind a number of award-winning projects. Headquartered in Tucson, Arizona, with offices in Phoenix, Los Angeles, Hawaii, and Paris, France, it invests across the United States and Europe in multifamily, hotel, office, retail, industrial, and self-storage properties.